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Income Taxes (Tables)
12 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)
Table 11.1: Components of Provision for Income Taxes
For the Year Ended September 30,
202520242023
(in thousands)
Current provision/(benefit):
Federal$96,446 $82,875 $34,033 
State and local31,245 26,951 12,332 
Foreign14,840 25,791 584 
Total current provision for income taxes142,531 135,617 46,949 
Deferred tax expense/(benefit):
Federal(11,499)(16,347)(1,495)
State and local(3,861)(5,447)(673)
Foreign(1,356)(14,228)3,720 
Total deferred tax expense/(benefit)(16,716)(36,022)1,552 
Provision for income taxes$125,815 $99,595 $48,501 
Schedule of Income before Income Tax, Domestic and Foreign
Table 11.2: Components of Income before Provision for Income Taxes by Jurisdiction
For the Year Ended September 30,
202520242023
(in thousands)
Domestic$438,863 $377,594 $198,115 
Foreign5,986 28,915 12,178 
Income before provision for income taxes$444,849 $406,509 $210,293 
Schedule of Effective Income Tax Rate Reconciliation
Table 11.3: Reconciliation of Tax Expense at Statutory Rate to Actual Tax Expense
For the Year Ended September 30,
202520242023
Amount(1)Amount(1)Amount(1)
(dollars in thousands)
Tax expense at statutory rate$93,418 21.0 %$85,367 21.0 %$44,162 21.0 %
Increase/(decrease) due to:
State income taxes, net of federal benefit24,203 5.4 %21,582 5.3 %11,501 5.5 %
Foreign taxation rate differentials80 — %875 0.2 %(590)(0.3)%
Non-deductible expenses4,147 0.9 %2,444 0.6 %2,889 1.4 %
Global intangible low taxed income750 0.2 %1,257 0.3 %2,274 1.1 %
Valuation allowance - foreign jurisdictions— — %734 0.2 %2,010 1.0 %
Tax credits(6,384)(1.4)%(8,997)(2.2)%(6,645)(3.2)%
Divestiture-related charges8,379 1.9 %— — %— — %
Excess tax expense/(benefits) from stock-based compensation(1,546)(0.3)%(1,656)(0.4)%(1,399)(0.7)%
Other2,768 0.6 %(2,011)(0.5)%(5,701)(2.7)%
Income tax expense$125,815 28.3 %$99,595 24.5 %$48,501 23.1 %
(1)Percentage of income before provision for income taxes.
Schedule of Deferred Tax Assets and Liabilities
Table 11.4: Components of Deferred Tax Assets and Liabilities
As of September 30,
20252024
(in thousands)
Deferred tax assets/(liabilities):
Costs deductible in future periods$44,686 $42,856 
Deferred revenue11,756 10,459 
Stock compensation10,363 7,482 
Capital loss carryforward204 7,872 
Net operating loss carryforwards8,128 35,492 
Amortization of goodwill and intangibles(176,438)(183,406)
Capitalized software(19,820)(23,661)
Accounts receivable - unbilled— (4,731)
Property and equipment28 1,286 
Prepaid expenses(13,946)(11,696)
Financial instruments(1,013)(2,413)
Valuation allowance(967)(31,956)
Other(510)(1,901)
Net deferred tax liability$(137,529)$(154,317)
Our deferred tax assets and liabilities are held in various national and international jurisdictions and therefore may not be offset. Accordingly, our presentation of deferred taxes on our consolidated balance sheets is split between jurisdictions that show a net deferred tax asset and a net deferred tax liability.
Table 11.5: Deferred Tax Assets and Liabilities By Jurisdiction Positions
As of September 30,
20252024
(in thousands)
Total of tax jurisdictions with net deferred tax assets$11,491 $14,801 
Total of tax jurisdictions with net deferred tax liabilities(149,020)(169,118)
Net deferred tax liabilities$(137,529)$(154,317)
Schedule of Unrecognized Tax Benefits Roll Forward
Table 11.6: Reconciliation of the Beginning and Ending Amounts of Potential Tax Benefits
For the Year Ended September 30,
202520242023
(in thousands)
Balance at beginning of year$10,892 $6,233 $8,676 
Decreases for lapse of statute of limitations(300)— (2,051)
Decreases for settlements with taxing authorities— — (692)
Increases for tax positions taken in current year500 1,100 300 
Increases for tax positions taken in prior year4,841 6,148 — 
Decreases for tax positions taken in prior year(33)(2,589)— 
Balance at end of year$15,900 $10,892 $6,233